ACE News

Best Upgrades Agri General’s Ratings to ‘A+’

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit rating (ICR) to “aa-” from “a” of Agri General Insurance Company (AGIC) of Johnston, Iowa, and has removed the ratings from …

Ratings Roundup: Westchester Fire, Middle Georgia

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of New York-based Westchester Fire Insurance Company (WFIC) and assigned an NR-5 (Not Formally Followed) to the FSR and an …

ACE Reports Q4 Net Income of $1 Billion; $3.1 Billion Full Year

ACE Limited reported net income for the quarter ended December 31, 2010, of $2.92 per share, compared with $2.81 per share for the same quarter last year, totaling over $1 billion. Income excluding net realized gains (losses) was $2.05 per …

ACE Group Appoints Hager to Head Japan P&C, A&H Business

The ACE Group announced that Jeffery Hager has been appointed Regional President, ACE Far East, responsible for ACE’s property and casualty (P&C) and accident and health (A&H) insurance businesses in Japan. He will be based in Tokyo and will report …